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How provide the entries to record the year-end adjustments

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Reference no: EM132961852

Falcons Corp. has the following portfolio of common shares without significant influence at December 31, 2020:

Albania Inc. $ 480,000 $ 570,000

Bulgaria Ltd. 90,000 620,000

Slovakia Ltd. 75,000 75,000

Czech Corp. 220,000 120,000

Total $ 865,000 $ 1,385,000

Instructions

Problem 1: Provide the entries to record the year-end adjustments for these FV-NI investments, assuming Falcons uses separate accounts for each investment holding.

Reference no: EM132961852

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Provide the entries to record the year-end adjustments : Provide the entries to record the year-end adjustments for these FV-NI investments, assuming Falcons uses separate accounts for each investment holding.

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